diff --git a/Libraries/Core/ReactNativeVersion.js b/Libraries/Core/ReactNativeVersion.js
index abda05f5ac072c..d6329b469ef3ff 100644
--- a/Libraries/Core/ReactNativeVersion.js
+++ b/Libraries/Core/ReactNativeVersion.js
@@ -15,6 +15,6 @@
 exports.version = {
   major: 0,
   minor: 49,
-  patch: 0,
+  patch: 1,
   prerelease: null,
 };
diff --git a/React/Base/RCTVersion.h b/React/Base/RCTVersion.h
index 44cf4261ead170..040d66a6dde726 100644
--- a/React/Base/RCTVersion.h
+++ b/React/Base/RCTVersion.h
@@ -12,6 +12,6 @@
 #define REACT_NATIVE_VERSION @{ \
   @"major": @(0), \
   @"minor": @(49), \
-  @"patch": @(0), \
+  @"patch": @(1), \
   @"prerelease": [NSNull null], \
 }
diff --git a/ReactAndroid/gradle.properties b/ReactAndroid/gradle.properties
index 5e558a5b8a8c4a..724236db7c3456 100644
--- a/ReactAndroid/gradle.properties
+++ b/ReactAndroid/gradle.properties
@@ -1,4 +1,4 @@
-VERSION_NAME=0.49.0
+VERSION_NAME=0.49.1
 GROUP=com.facebook.react
 
 POM_NAME=ReactNative
diff --git a/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java b/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
index f5d0a8680edbdf..cd68a1a88cd555 100644
--- a/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
+++ b/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
@@ -19,6 +19,6 @@ public class ReactNativeVersion {
   public static final Map<String, Object> VERSION = MapBuilder.<String, Object>of(
       "major", 0,
       "minor", 49,
-      "patch", 0,
+      "patch", 1,
       "prerelease", null);
 }
diff --git a/package.json b/package.json
index be54404ea584e2..3e6bcce4b11028 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native",
-  "version": "0.49.0",
+  "version": "0.49.1",
   "description": "A framework for building native apps using React",
   "license": "BSD-3-Clause",
   "repository": {